In a sense, home health leaders are entering 2023 with many of the same concerns they came into 2022 with. Additional ones may have been added, but not many have been taken away. Staffing continues to be a pain point in a competitive labor market, and both COVID-19 and inflation are still factors. While these […]
David Klementz left Encompass Health (NYSE: EHC) to become the CEO of Traditions Health in April of last year. Like many others, he saw the future value in delivering care in the home. Since then, he’s helped build one of the fastest-growing home health agencies in the space. The College Station, Texas-based Traditions is a […]
The 2023 home health final payment rule was released Monday. With a positive market-basket update for 2023 but also jarring long-term cuts, it will have ramifications for home health providers for years potentially, barring mitigating legislation or a complete change of course from the Centers for Medicare & Medicaid Services (CMS). But there have been […]
A number of home-based care providers – and businesses in the aging services sector at large – are among some of the nation’s fastest-growing companies. In fact, these companies recently grabbed a spot on Inc. 5000’s annual ranking. Companies such as connectRN, Entrusted Pediatric Home Care, BarbaraKares In-Home Care Services, Connect Pediatrics and Electronic Caregiver […]
Traditions Health announces Serenity Health Management acquisition Traditions Health continues to be acquisitive. The College Station, Texas-based home health and hospice agency announced the acquisition of Serenity Health Management last week, moving it into Kansas for the first time from a home health perspective. Serenity is also a provider of both home health and hospice […]
Fortis Home Health & Hospice acquires Select Home Health Fortis Home Health & Hospice — Grant Avenue Capital’s home-based care buy-and-build initiative — has acquired Select Home Health. The financial terms of the deal were not disclosed. “It did not take long for us to realize that Grant Avenue Capital, alongside Fortis, shared our same […]
It’s no secret that private equity is shaping the present and future of home-based care in the United States. It appears to me that in-home care is also rubbing off on PE, however, with multiple examples of the idea coming this week. Generally speaking, private investment groups can come in all shapes and sizes. For […]
The Pennant Group acquires Open Heart Hospice The Pennant Group Inc. (Nasdaq: PNTG) has purchased the assets of Amarillo, Texas-based Open Heart Hospice. The financial terms of the deal were not disclosed. As part of the agreement, Open Heart Hospice will operate under the name Kinder Hearts Hospice of Amarillo. The deal will allow Pennant […]
DispatchHealth partners with two new health systems The in-home medical care provider DispatchHealth on Tuesday announced partnerships with Eastern Connecticut Health Network (ECHN) and Waterbury Health. The partnerships revolve around bringing patients same-day, at-home medical care. Denver-based DispatchHealth partners with health systems and payers to offer an array of services within the home. The company’s […]
Traditions Health names new president and CEO Traditions Health LLC has named David Klementz its new president and CEO. College Station, Texas-based Traditions Health is a growing home health and hospice provider that currently serves 5,000 patients across fourteen states. Backed by PE firm Dorilton Capital, the provider has acquired multiple post-acute care businesses since […]
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